
Manager - Cost Management - CMA/ICWA
3 days ago
Position Overview:
The Cost and Management Accountant will be responsible for overseeing cost control, budgeting, product costing, variance analysis, and MIS reporting to support business decision-making.
The role requires expertise in cost accounting principles, manufacturing cost audits, and statutory compliance related to cost records.
Key Responsibilities:
1. Costing & Budgeting:
- Prepare, monitor, and analyze annual budgets and forecasting for all departments.
- Maintain accurate product costing, including raw materials, WIP, and finished goods.
- Monitor cost variances and conduct cost-benefit analysis for process improvements.
Cost Control & Analysis:
- Track and analyze material consumption, wastage, and efficiency reports.
- Monitor overheads and implement measures to reduce costs.
- Conduct variance analysis between standard cost, budget, and actuals.
MIS & Reporting:
- Prepare Monthly MIS reports including profitability analysis, break-even analysis, and segment-wise performance.
- Provide data-driven insights to management for decision-making.
- Maintain cost records as per Cost Accounting Standards (CAS).
Compliance & Audit:
- Ensure compliance with Cost Audit requirements under the Companies Act, 2013.
- Coordinate with statutory auditors, cost auditors, and internal auditors.
- Prepare and file Cost Audit Report (CRA-3) and Cost Compliance Report (CRA-2) in a timely manner.
Inventory & Production Costing:
- Verify and reconcile inventory valuation (raw materials, WIP, finished goods).
- Work closely with the production department to identify cost-saving opportunities.
- Monitor scrap generation and recovery analysis.
Skills & Competencies Required:
- Strong knowledge of Cost Accounting Standards (CAS) and Indian Accounting Standards (Ind AS).
- Proficiency in ERP software (preferably Microsoft Dynamics / SAP / Oracle).
- Advanced Excel & financial modeling skills.
- Strong analytical & problem-solving skills.
- Good understanding of manufacturing processes.
Qualifications & Experience:
Qualification: CMA (ICWA) qualified.
- Experience: 3-7 years in costing & management accounting, preferably in a manufacturing company.
- Industry Preference: Copper wire, cable, electrical, or any process manufacturing industry
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